Principal Securities Inc. Purchases 368 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Principal Securities Inc. grew its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,392 shares of the semiconductor company’s stock after purchasing an additional 368 shares during the quarter. Principal Securities Inc.’s holdings in Silicon Laboratories were worth $421,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of Silicon Laboratories by 159.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. International Assets Investment Management LLC grew its position in Silicon Laboratories by 11,457.1% during the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 802 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in Silicon Laboratories during the fourth quarter valued at approximately $117,000. KBC Group NV grew its holdings in shares of Silicon Laboratories by 42.1% during the 4th quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 379 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in Silicon Laboratories in the 3rd quarter worth $189,000.

Insider Activity

In related news, Director Navdeep S. Sooch sold 2,360 shares of Silicon Laboratories stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the transaction, the director now directly owns 400,567 shares of the company’s stock, valued at $59,684,483. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total transaction of $149,430.00. Following the transaction, the director now owns 31,115 shares of the company’s stock, valued at $4,649,514.45. The trade was a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,360 shares of company stock worth $782,610 in the last quarter. 1.72% of the stock is owned by company insiders.

Analyst Ratings Changes

SLAB has been the subject of several analyst reports. StockNews.com lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. Morgan Stanley dropped their target price on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price target on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Benchmark upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus raised their target price on shares of Silicon Laboratories from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $136.20.

Silicon Laboratories Trading Down 2.1 %

Shares of Silicon Laboratories stock opened at $155.33 on Friday. Silicon Laboratories Inc. has a 12-month low of $94.00 and a 12-month high of $160.00. The company has a market cap of $5.04 billion, a P/E ratio of -26.15 and a beta of 1.16. The company’s fifty day simple moving average is $136.14 and its two-hundred day simple moving average is $119.89.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The company had revenue of $166.25 million for the quarter, compared to analysts’ expectations of $166.09 million. During the same quarter in the previous year, the company earned ($1.19) earnings per share. Silicon Laboratories’s quarterly revenue was up 91.4% on a year-over-year basis. Analysts predict that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.